2480 White Bear AVE N, Saint Paul, MN 55109 - MLS#6683358

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$1,595,000

Est. payment - /mo

53,578 SqFt

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 53,578 sqft

Price per Sqft $29

Subdivision Section 11 Town 29 Range 22

MLS Listing ID 6683358

Year Built 1982

Annual Tax Amount $52,558

Lot Size 1.230 Acres

Acres 1.23

Lot Dimensions 298x220

Property Description

White Bear Professional Building for sale, offering an outstanding investment or owner/user opportunity in the highly sought-after east metro suburb of Maplewood. The well-maintained, 8-suite medical office building is situated at a prime, high-visibility corner at White Bear Ave N & Gervais Ave, just off Highway 694. The property boasts a stable tenant base, with 7 of the 8 suites currently occupied by established medical tenants, including Great Ricer Orthodontics, Dr. Roger C. Stoddard Family Dentistry, Allergy & Asthma Center of MN, and Home Instead.

Owner/User Opportunity: Suite 201 is currently vacant, providing an excellent opportunity for an owner/user to occupy space immediately. The Home Instead space is currently occupied by the Seller. Tenant/Seller is willing to vacate the space if needed or sign a lease to remain as a Tenant in part or all of the current space, providing great flexibility for additional space.

The 12,156-square-foot building spans two levels and has a strong leasing history, with long-term tenants demonstrating excellent retention. The property is in great condition and has undergone recent capital improvements, including a brand-new HVAC system installed in 2023, a $250,000 investment, updated common areas, and separately metered electric for each suite. A large 70-stall parking lot provides ample space for tenants and visitors, with handicap accessibility at both entrances.

Positioned in a high-traffic area with 23,500 vehicles per day, the property offers excellent visibility and easy access to major highways, making it a short commute to both St. Paul and Minneapolis. The surrounding area is home to numerous national retailers, including Hy-Vee, Cub Foods, The Home Depot, and Starbucks, further enhancing the property's prime location. This is a rare opportunity to acquire a great medical office asset in an established and growing commercial corridor.

Location

State MN

County Ramsey

Community Section 11 Town 29 Range 22

Direction Going North on White Bear Ave, Subject is on your first right after passing Gervais Ave.

Interior

Heating Forced Air

Cooling Central

Exterior

Parking Features Parking Lot, Driveway - Gravel, Paved Lot

Utilities Available Electric Separate, Heating Separate, Hot Water Common

Accessibility No Stairs External

Building

Water City Water/Connected

Others

Senior Community No

Tax ID 112922240034

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